|
2019 Personal Tax Rates
|
|
Ordinary Income
|
Dividends (Eligible)
|
Dividends (Ineligible)
|
Capital Gains
|
|
Up to $43,900
|
|
20.05%
|
0%
|
8.91%
|
10.03%
|
|
$43,900 to $47,600
|
|
24.15%
|
0%
|
13.61%
|
12.08%
|
|
$47,600 to $77,300
|
|
29.65%
|
6.39%
|
19.93%
|
14.83%
|
|
$77,300 to $87,800
|
|
31.48%
|
8.92%
|
22.04%
|
15.74%
|
|
$87,800 to $91,100
|
|
33.89%
|
12.24%
|
24.81%
|
16.95%
|
|
$91,100 to $95,300
|
|
37.91%
|
17.79%
|
29.43%
|
18.95%
|
|
$95,300 to $147,600
|
|
43.41%
|
25.38%
|
35.76%
|
21.70%
|
|
$147,600 to $150,000
|
|
46.41%
|
29.52%
|
39.21%
|
23.20%
|
|
$150,000 to $210,400
|
|
47.97%
|
31.67%
|
41.00%
|
23.98%
|
|
$210,400 to $220,000
|
|
51.97%
|
37.19%
|
45.60%
|
25.98%
|
|
Greater than $220,000
|
|
53.53%
|
39.34%
|
47.40%
|
26.76%
|
|
2019 Corporate Tax Rates
|
|
|
CCPC up to $500,000
|
|
12.50%
|
|
Ordinary corporate income
|
|
26.50%
|
|
Manufacturing and processing corporate rate
|
|
25.00%
|
|
Investment income
|
|
50.17%
|
|
Refundable portion of tax on investment income
|
|
30.67%
|
|
Net of refundable on investment income
|
|
19.50%
|
|
Dividend refund
|
|
38.33%
|
|
Tax on portfolio dividends
|
|
38.33%
|
|
Dividend gross-up (eligible)
|
|
38.00%
|
|
Dividend gross-up (ineligible)
|
|
15.00%
|
A New Consulting Division at Lund & Associates …
Services Relating to the Sale of a Business
We are excited to announce that we are expanding at Lund & Associates to include a consulting division to offer services relating to the planning for and actual sale of a business at a maximum value.
- Valuing the business
- Preparing the business for sale to maximize value
- Minimizing risk factors for a purchaser that affect the ability to sell the business
- Tax planning relating to the sale of a business
- Preparing information documents to assist in the sale process
- Identifying potential buyers and approaching the buyers
- Assisting with the negotiation of terms to the point of a Letter of Intent
- Coordinating document flow with banks/lenders involved in the business and sales transaction
- Liaison with lawyers to assist in preparation of agreements
We have developed expertise in this area over several years as we have been working with owner-managers right through their business cycle from start-up to eventual sale of the business.
In most cases planning for the sale of a business should begin several years before the planned sale date.
If you, or anyone you know, are interested in discussing how we can help you prepare for the Sale of a Business, please contact Brad Lund at bradl@lundandassociates.com .
